Shell E4

Shell E4, established in 2017 and based in Bengaluru, India, is an accelerator focused on supporting innovative startups in the clean technology sector. The initiative targets various areas including sustainability, waste management, plastic circularity, and machine learning solutions aimed at achieving net zero emissions. Additionally, Shell E4 invests in technologies related to electronic vehicle charging, battery swapping, cost-effective carbon capture, supply chain decarbonization, and novel carbon dioxide conversion processes. By fostering energy entrepreneurs, Shell E4 plays a crucial role in advancing environmentally friendly technologies and practices, thereby contributing to global sustainability efforts.

Peter van Giessel

Venture Principal

Christine Vincent

Principal

Geert van de Wouw

Managing Director and Vice President

Past deals in Oil and Gas Exploration

MIRICO

Funding Round in 2022
MIRICO Ltd. is a UK-based laser spectroscopy instrumentation company formed in 2015 as a spin-out from the Science and Technology Facilities Council. The technology underpinning MIRICO was developed by the RAL Space Laser Spectroscopy Team, led by Dr. Damien Weidmann. The laser spectroscopy team consists of 8 senior scientists who carry out cutting edge research and development. Over the years they have developed a range of spectroscopy techniques that overcome the major downfalls of current technologies. The company was formed to commercialise and take these technologies to market.

Detect Technologies

Series B in 2022
Detect Technologies Private Limited, based in Chennai, India, is a drone-as-a-service company that specializes in developing advanced technologies for the oil and natural gas industry. Founded in 2013, the company offers a range of products designed for the inspection and monitoring of high-temperature and inaccessible pipelines and industrial assets. Key offerings include Guided Ultrasonic Monitoring of Pipe Systems (GUMPS) for remote pipeline inspection, Noctua drones for inspecting boilers and stacks, SCOPE-I robots for visual inspections of thermal power plant components, and CSS technology for monitoring erosion and corrosion in fluid transport infrastructure. Detect Technologies provides a fully automated continuous monitoring system, generating real-time data that allows organizations to assess the health of their assets, significantly reducing the risks associated with leaks and operational failures. This innovative approach enhances decision-making and operational efficiency in the process industries.

LO3 Energy

Series B in 2021
LO3 Energy, Inc. owns and operates Pando, a marketplace solution that connects energy suppliers to customers. The company’s services help clients to create, deploy, and monetize energy products and customer services. It serves retail customers in utility and energy sectors. The company was founded in 2012 and is based in Portland, Oregon.

Forge Hydrocarbons

Venture Round in 2020
Forge Hydrocarbons Corporation is a Canadian company that specializes in producing drop-in renewable diesel fuel using its proprietary Lipid-to-Hydrocarbon (LTH) technology. Founded in 2012 as a spin-off from the University of Alberta, Forge transforms waste fats and low-value organic oils, such as yellow and brown grease, into hydrocarbons that closely resemble traditional petroleum-based products. This innovative approach allows for the efficient production of hydrocarbon fuels, solvents, and chemicals, while significantly reducing emissions compared to conventional petroleum production and combustion. The company targets various sectors, including renewable energy, transportation, and government funding, contributing to cleaner energy solutions. Based in Oakville, Canada, Forge Hydrocarbons aims to provide a sustainable alternative in the energy market.

Orb Energy

Corporate Round in 2019
Orb Energy Private Limited specializes in designing, manufacturing, marketing, selling, installing, and servicing solar photovoltaic and solar water heating systems for residential and commercial customers. Founded in 2006, the company is headquartered in Bengaluru, India, with additional operations in Kenya and Singapore. Its product range includes polycrystalline and monocrystalline solar panels, solar inverters, solar street lights, solar rooftops, solar power plants, solar water pumping systems, and heat pumps. Orb Energy also offers franchising opportunities, enabling customers to sell its products through a network of over 90 branches. The company aims to provide affordable renewable energy solutions, particularly targeting off-grid households in India. With plans to expand its branch network and workforce, Orb Energy seeks to increase its reach and impact in the renewable energy sector.

LO3 Energy

Venture Round in 2019
LO3 Energy, Inc. owns and operates Pando, a marketplace solution that connects energy suppliers to customers. The company’s services help clients to create, deploy, and monetize energy products and customer services. It serves retail customers in utility and energy sectors. The company was founded in 2012 and is based in Portland, Oregon.

Nordsol

Private Equity Round in 2019
Nordsol specializes in the development and production of biofuels through the processing of organic waste. The company focuses on BioLNG, or liquefied biomethane, which is a CO2 neutral biofuel produced using its proprietary iLNG technology. This biofuel is primarily targeted at homes and small businesses. Founded in 2009 and based in Bunnik, the Netherlands, Nordsol collaborates with committed clients to mitigate trading risks and ensure fixed off-take volumes of BioLNG. The integration of innovative patented technologies with financial backing allows Nordsol to establish and operate its own BioLNG facilities in partnership with biogas production entities, creating a robust business framework.

Osperity

Series B in 2018
Osprey Informatics provides intelligent visual monitoring for industrial operations and transforms images and video into actionable enterprise intelligence. The company’s cloud-based platform, Osprey Reach, detects important operational events, analyzes related images and video along with data from other sensors and systems, and delivers visual reports and alerts to stakeholders across the enterprise. Industrial companies rely on Osprey Reach for enhanced operational efficiency, security, and safety and to remotely inspect facilities and equipment, monitor site activity, optimize labor productivity, and manage more assets without more people. Osprey Informatics was founded on 2012 and is headquartered in Calgary, Alberta, Canada.

Osperity

Series B in 2018
Osprey Informatics provides intelligent visual monitoring for industrial operations and transforms images and video into actionable enterprise intelligence. The company’s cloud-based platform, Osprey Reach, detects important operational events, analyzes related images and video along with data from other sensors and systems, and delivers visual reports and alerts to stakeholders across the enterprise. Industrial companies rely on Osprey Reach for enhanced operational efficiency, security, and safety and to remotely inspect facilities and equipment, monitor site activity, optimize labor productivity, and manage more assets without more people. Osprey Informatics was founded on 2012 and is headquartered in Calgary, Alberta, Canada.

Rocsole

Venture Round in 2016
Rocsole is a technology company that develops and markets advanced process measurement and control instruments based on 3D tomographic imaging. Founded in 2012 and headquartered in Kuopio, Finland, with operations in Houston, Texas, Rocsole's proprietary sensors utilize electrical capacitance tomography to create real-time 3D images of multiphase flows, applicable in various industrial sectors. The company offers solutions for monitoring emulsions, deposition, sand, and flow regimes in tanks, pipelines, and separators. Rocsole also provides services such as process optimization, piloting, statistical inversion computing, and custom electronics and optical solutions. By leveraging artificial intelligence and deep learning, Rocsole's technology enhances process control, leading to reduced operational costs, improved energy efficiency, and lower greenhouse gas emissions. The company serves diverse industries including oil and gas, chemicals, pulp and paper, food, and electronics.

Quantico Energy Solutions

Series A in 2015
Quantico Energy Solutions is a data analytics company based in Houston, Texas. The company’s focus is on providing the oil and gas industry with data-driven solutions that address major challenges in the development of shale resources worldwide. Our company employs a leading team of professionals from the oil and gas industry. The team has expertise in machine learning software, open hole logging tool design, petrophysics and completion engineering. We develop proprietary software to predict synthetic formation evaluation logs by utilizing only the information commonly gathered during the drilling process.

Strohm B.V.

Venture Round in 2014
Strohm B.V., formerly known as Airborne Oil & Gas B.V., specializes in the development, manufacture, and implementation of innovative pipe systems for the oil and gas industry. Established in 2007 and based in Ijmuiden, the Netherlands, the company offers a range of thermoplastic composite pipe products, including downlines, jumper spools, well intervention hoses, offshore flowlines, and risers. These products are designed to withstand demanding offshore and subsea environments, boasting advantages such as corrosion resistance, lightweight construction, and ease of deployment. The non-metallic nature of Strohm's pipes eliminates the need for costly corrosion prevention and inspection, resulting in significant savings in capital and operational expenditures. The company's advanced solutions allow for faster installation using simpler vessels compared to traditional steel pipes, enhancing reliability and safety in offshore operations. Strohm B.V. maintains regional sales offices in key oil and gas hubs across Asia and the United States, supporting its global operations.

WellDog

Venture Round in 2014
WellDog, founded in 1999, specializes in providing innovative technical services aimed at enhancing the exploration and production of oil, gas, and alternative energy resources. The company is known for its patented Reservoir Raman chemical sensing systems, which facilitate commercial reservoir analysis across various resource types, including coal and natural gas. By focusing on responsible and efficient energy resource development, WellDog offers solutions that improve production processes while minimizing environmental impact and enhancing safety. Its services include carbon tracking and geophysical processes designed to optimize natural gas development and reduce greenhouse gas emissions from coal-bed methane activities. Overall, WellDog is dedicated to promoting sustainable energy practices through advanced technology and practical solutions.

GlassPoint

Series C in 2014
GlassPoint provides solar steam generators to the oil and gas industry for applications such as Enhanced Oil Recovery. It replaces gas-fired steam generation with solar, GlassPoint can reduce EOR gas consumption by up to 80 percent. The company was founded in 2008 and headquartered in Fremont, California.

TGS

Convertible Note in 2014
Magseis Fairfield ASA is an international geophysical company specializing in Ocean Bottom Seismic (OBS) services. Established in 2009, the company aims to reshape the OBS market by reducing acquisition costs for clients. Since 2013, it has built a strong track record by collaborating with major oil and gas companies worldwide. The company utilizes its proprietary Marine Autonomous Seismic System (MASS), which includes ultra-compact 4C sensor capsules and fully automated handling systems, to enhance operational efficiency and drive significant cost reductions. With operations in Norway, the United States, and Asia—where the majority of its revenue is generated—Magseis Fairfield is expanding its regional presence and moving towards a broader operational model. The company is committed to transparent communication with stakeholders and adheres to the Oslo Børs Code of Practice for reporting investor information, prioritizing objective and timely market communication to ensure fair asset valuation.

SURGE Accelerator

Venture Round in 2014
Based in Houston, Texas, "The Energy Capital of the World", SURGE is a leading seed fund and mentor-driven accelerator that identifies, invests in, and enables entrepreneurs who are solving the world's energy problems. SURGE identifies leaders, validates business models, raises capital, and connects startups to customers and the global energy ecosystem. SURGE has recruited over 150 of the world's top scientists, engineers, executives, entrepreneurs, venture capitalists, and angel investors to serve as mentors. SURGE is ranked in the Top Ten accelerators in the US. Since May 2012, portfolio companies have raised Seed and Series A funding of over $25M. Join SURGE and elevate your business to the next level! The 4-month SURGE program is designed to provide 3 stages of support: Market Validation - SURGE helps companies develop relationships with mentors and industry experts who will provide expert feedback on all aspects of the business. Companies solicit feedback, refine their business models, and develop market entry strategies. Scaling Operations - SURGE makes crucial customer introductions to help companies land pilot projects and enter new markets. Mentors help companies address the new challenges that accompany scaling a business. Raising Capital - SURGE prepares entrepreneurs to raise funding after they graduate from the program. Each company presents at SURGE Day in front of a targeted audience of 500+ investors, industry executives, and media. SURGE also helps with investor introductions, term sheet negotiations, and due diligence preparation. ABOUT THE PROGRAM: Applications open August 13, 2014 Program runs from February 16, 2015 - June 17, 2015 SURGE Day is on May 19, 2015 Startups receive $30K in seed capital

GlassPoint

Series B in 2012
GlassPoint provides solar steam generators to the oil and gas industry for applications such as Enhanced Oil Recovery. It replaces gas-fired steam generation with solar, GlassPoint can reduce EOR gas consumption by up to 80 percent. The company was founded in 2008 and headquartered in Fremont, California.

OpenSpirit

Venture Round in 2007
OpenSpirit specializes in providing integration solutions for upstream applications and data within the oil and gas industry. Its core product, the OpenSpirit application integration framework, facilitates interoperability among various vendors' applications and data sources. This enables end users to efficiently manage critical workflows and conduct essential analyses in the geotechnical sector. By focusing on optimizing workflows rather than just specific software or hardware technologies, OpenSpirit enhances productivity and adds economic value to data sets, ultimately supporting users in maximizing the effectiveness of their operations.
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